Published on November 5, 2024 at 8:12 p.m. / Modified on November 5, 2024 at 9:37 p.m.
A Zurich lawyer, active in particular in bankruptcies, has joined the board of directors of four PrimeEnergy Cleantech companies, in difficulty, according to the Official Notice Sheet (SOGC). Furthermore, management contacted investors worried about the prospect of being caught in the bankruptcy of the group active in photovoltaics, present in Basel and Geneva. A bankruptcy which could cost more than 100 million francs to hundreds of savers, particularly in French-speaking Switzerland.
Specializing in debt enforcement and bankruptcy law, lawyer Sven Lüscher regularly acts as liquidator or investigator for the Federal Financial Market Supervisory Authority (Finma), his profile indicates, available on his employer’s website. Should we see this as a sign that bankruptcy is looming for PrimeEnergy Cleantech? What will be the precise role of the new administrator? The lawyer (who is not from the family of his Geneva colleague Christian Lüscher) did not respond to our requests. Also contacted, Finma does not comment on specific cases.
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